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    4249 8th Avenue

    Los Angeles (City), CA 90008
    • $1,088,000
    • STATUS: Active Under Contract
    • ON SITE: 21 days
    • ID#: PW21024058
    Under Contract
    UPDATED: 29 min ago
    $1,088,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,136
      SQFT
    • $347
      $/SQFT
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Beautiful Fourplex in the desirable area of Leimert Park. Located on a quiet tree lined street. Each unit has a large 1 bedroom1 bath, Large bedroom has a built in closet and drawers, and a formal dining area, all the units feature beautiful original hardwood floors. Eating nook in each kitchen. Detached four garages plus more parking spaces available. These pride of ownership units are priced to sell. HUGE upside potential on this 4-unit building located in the coveted Leimert Park neighborhood! This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Higher income is attainable immediately (as occupied units turn over) one unit vacant, but there will also be material equity upside as new developments are completed and the area appreciation out paces most other Los Angeles neighborhoods. Take advantage of this unique investment opportunity and make your offer subject to inspection.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T20:30:43.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.necolrealty.com/homes/114029009
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    4249 8th Avenue Los Angeles (City), CA 90008

    • Price: $1,088,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: PW21024058
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,136
    SQFT
    $347
    $/SQFT
    1949
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Beautiful Fourplex in the desirable area of Leimert Park. Located on a quiet tree lined street. Each unit has a large 1 bedroom1 bath, Large bedroom has a built in closet and drawers, and a formal dining area, all the units feature beautiful original hardwood floors. Eating nook in each kitchen. Detached four garages plus more parking spaces available. These pride of ownership units are priced to sell. HUGE upside potential on this 4-unit building located in the coveted Leimert Park neighborhood! This well cared for income property is centrally located in an area with an unprecedented amount of development contemplated and in process (i.e. the METRO, redevelopment of the Baldwin Hills Crenshaw Plaza, District Square and thousands of luxury condo & apartment units). Higher income is attainable immediately (as occupied units turn over) one unit vacant, but there will also be material equity upside as new developments are completed and the area appreciation out paces most other Los Angeles neighborhoods. Take advantage of this unique investment opportunity and make your offer subject to inspection.
    Exterior Features

    Architectural Style See Remarks Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes View None View YN No

    Interior Features

    Appliances Free-Standing RangeGas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 784 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Flooring Wood Heating Floor Furnace Heating YN Yes Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Current Financing None Elevation Units Feet Gardener Expense 600.00 Gross Income 0.00 Gross Scheduled Income 6600.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN Yes Net Operating Income 6600.00 New Construction YN No New Taxes Expense 1814.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 0 Number With Disposal 3 Number With Range 4 Operating Expense 1500.00 Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays ElectricityGas Total Expenses 4380.00 Trash Expense 500.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 1650 Water Sewer Expense 1380.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Miki Singer of Coldwell Banker Coastal Alliance


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T20:30:43.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    Temecula CA, 92591